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Search Results 0 to 7 of about 8 (some duplicates have been removed)
FOX News
Oct 6, 2012 1:00pm PDT
correspondent mike emanuel. >> the law says mass layoffs are coming, notices should go out 60 days ahead. obama administration that isn't necessary since many are hoping a deal will be struck to avoid the cuts. even so, a ceo i talked to he will be up front with his employees. >> it makes it challenging. people come to work. we've got some of the best people in the country working for us. they come every day, they want to design the best systems that our fighters need, but it's challenging. when they sit around kitchen table at night. honey, what is going to happen? it's tough because they don't know. >> reporter: obama administration is telling contractors if they get sued for not sending out layoff notices the government will pick up the tack. lockheed martin will hold off telling workers, but two kron man sent a letter saying quote, should you rely on that guidance and fail to comply with the warren acted requirement, will you be setting up your company for serious legal and financial reprosper cushions. graham sounds pretty upset. >> in 2007, senator obama wanted to extend the notice requir
FOX News
Oct 6, 2012 3:00pm PDT
is this white house advising defense contractors to ignore a law requiring them to send layoff notices to their employees? chief congressional correspondent, mike emanuel live in washington with that. >> reporter: many involved in national security hope congress and the president will work out a deal after the election to avoid these cuts which defense secretary panetta said would be devastating but a law called the warren act, if you expect a mass layoff of employees you need to give them 60 days notice and one contractor co-says the uncertainty is rough. ? the frustration, we say what should we tell our people and it is akin to being in a car and, all of a sudden you find you are playing chicken and have your company in there and they are saying to you, if we go over the cliff we'll help you out, providing you don't tell the folks that they are in the car with us. >> reporter: the obama administration tells contractors they don't need to send out layoff notices days before the election, and if they get sued for ignoring the law the government will pay their expenses and lockheed mart
FOX News
Oct 6, 2012 9:00am PDT
administration and not issue a 60 day notice. here's more. >> nice to see you. law called the warren act. ahead of lay offs notices should be issued 60 days to. lay off notices should go out right before the election day. but the white house office of management and budget said contractors should not send them out because cuts may not happen. one contractor said he's planing to tell his employees. >> you can't tell them, and that puts us as a maul business owner between a rock and hard spot. we'll help you but we'll help you if we go over the cliff. >> if they get sued for not sending out lay off notices. the government will pib pick up the tab. contractors will honor the request and hold off workers but two key republican senators sent a letter to 15 major defense contractors warning it is our fear should you rely on that guidance and fail to comply with the warren act. you will set your company up for serious legal and financial repercution and graham is outraged. >> this is an example of where the president of the united states is telling a private sector don't comply with the existing statu
FOX News
Oct 6, 2012 10:00am PDT
will work out a deal to avoid the cuts which secretary panetta said would be devastating, but a law called the warren act says if you expect to have that, he's going to be straight with the employees and says the uncertainty is rough. >> it's the sequestration, what shall we tell our people? it's akin to being in a car and you find you're playing chicken and you've got your company in there and they're saying to you, if we go over the cliff, we'll help you out. provided you don't tell the folks that are in the car with us. >> and what he means is that the obama administration is telling contractors they don't need to send out notices before today and if they get sued for not doing so, they'll pick up the tab. contractors say they'll hold off telling workers, but two key republican senators, lindsey graham and john mccain sent a letter to contractors, quote, it's our fear should you rely on that guidance and fail to comply with the warren act requirement you'll be setting the company up legal repercussions and graham calls it disturbing. >> not only does it say the warren act. the precedent
Search Results 0 to 7 of about 8 (some duplicates have been removed)